Avalanche Hits 1-Day Volume of $240.99 Million (AVAX)

Avalanche (AVAX) traded down 3.7% against the US dollar during the twenty-four hour period ending at 18:00 PM ET on September 11th. Avalanche has a market cap of $9.50 billion and approximately $240.99 million worth of Avalanche was traded on exchanges in the last 24 hours. One Avalanche coin can currently be bought for approximately $23.44 or 0.00040844 BTC on major exchanges. In the last seven days, Avalanche has traded 6.7% higher against the US dollar.

Here’s how related cryptocurrencies have performed in the last 24 hours:

• NEAR Protocol (NEAR) traded down 1% against the dollar and now trades at $3.98 or 0.00006942 BTC.
• Internet Computer (ICP) traded 2.5% lower against the dollar and now trades at $8.70 or 0.00015158 BTC.
• Cronos (CRO) traded 2% lower against the dollar and now trades at $0.0782 or 0.00000136 BTC.
• Hedera (HBAR) traded 1.6% lower against the dollar and now trades at $0.0501 or 0.00000087 BTC.
• Cosmos (ATOM) traded 0.6% higher against the dollar and now trades at $4.15 or 0.00007234 BTC.
• Fetch.ai (FET) traded up 1.3% against the dollar and now trades at $1.36 or 0.00002372 BTC.
• Algorand (ALGO) traded down 1.2% against the dollar and now trades at $0.13 or 0.00000221 BTC.
• Akash Network (AKT) traded 2.2% lower against the dollar and now trades at $2.37 or 0.00004127 BTC.
• Theta Fuel (TFUEL) traded down 2.4% against the dollar and now trades at $0.0556 or 0.00000097 BTC.
• Kava (KAVA) traded down 1.2% against the dollar and now trades at $0.31 or 0.00000532 BTC.

About Avalanche

Avalanche uses the hashing algorithm. Its genesis date was September 21st, 2020. Avalanche’s total supply is 445,323,976 coins and its circulating supply is 405,320,876 coins. The official message board for Avalanche is medium.com/avalancheavax. The official website for Avalanche is avax.network. The Reddit community for Avalanche is https://reddit.com/r/avax and the currency’s Github account can be viewed here. Avalanche’s official Twitter account is @avax and its Facebook page is accessible here.

According to CryptoCompare, “Avalanche (AVAX) is an open-source smart contracts platform launched in September 2020, known for its high scalability and rapid transaction finalization (sub-one second). Developed under the leadership of Dr. Emin Gün Sirer, it’s a robust platform for decentralized finance (DeFi) and enterprise blockchain solutions. The network can handle over 4,500 transactions per second and offers enhanced security against 51% attacks. Compatible with Ethereum’s development toolkit, Avalanche allows for easy interoperability and supports millions of independent validators as full block producers. It is also eco-friendly, catering to Web3 developers. The AVAX token serves multiple roles within the network, including transaction fees and network security. With the ability to host decentralized applications (dApps) and custom blockchains, Avalanche offers a versatile, high-performance ecosystem for developers, investors, and enterprises alike.”

Avalanche Coin Trading

It is usually not currently possible to buy alternative cryptocurrencies such as Avalanche directly using US dollars. Investors seeking to acquire Avalanche should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Avalanche using one of the aforementioned exchanges.

AVAX/USD price chart by TradingView